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Huge proposed increase to probate fees

Huge proposed increase to probate fees

Apologies if this has already been covered, but has everyone seen the consultation regarding proposed increases to probate fees?

For an estate of >£2m, they are proposing to increase the probate fee from £215 to £20,000!!!!  Have a look on page 12 of the consultation.

Now it may be that not many of us deal with probate, but we will all die one day (although I do admit I am not yet worth £2m).

Apparently the probate office is already self funding, so this is just an extra tax.

https://consult.justice.gov.uk/digital-communications/fee-proposals-for-...

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24th Feb 2016 13:12

And the 5p for carrier bags, as well. It is disgraceful.

Thanks (1)
24th Feb 2016 16:22

Already counted as one of the sneaky taxes

see my article: http://www.accountingweb.co.uk/article/sneaky-little-taxes/597208

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24th Feb 2016 16:31

No!

taxwriter wrote:

see my article: http://www.accountingweb.co.uk/article/sneaky-little-taxes/597208

Your article does not mention the carrier bag tax!

Thanks (2)
24th Feb 2016 16:42

Already covered rediculous bag "tax"

Portia Nina Levin wrote:

Your article does not mention the carrier bag tax!

 See my article : The future is written in carrier bags

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24th Feb 2016 16:40

The parking tax is getting out of hand, it's up to 20p for ten minutes outside my office.

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By DJKL
24th Feb 2016 17:30

I should be so lucky, lucky, lucky, lucky.......

Duggimon wrote:

The parking tax is getting out of hand, it's up to 20p for ten minutes outside my office.

That's only £1.20 an hour, the cheapest Edinburgh parking ,so you should think yourself lucky (hate to think what London costs)http://www.edinburgh.gov.uk/info/20085/parking_spaces/567/parking_prices

Up to £3.60 an hour from £3.50 for most expensive. For visits to the dentist I will be on the £3.00 an hour for Melville Street (from £2.60, what is rate of inflation?????)  and as you never know it the appointment will be on schedule or running behind you always add an extra half an hour which you rarely need so end up paying for time not used.

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24th Feb 2016 16:46

Secretly (and I would never admit it out loud, for fear someone in Government might hear) I am quite pleased with the carrier bag tax. It has improved the quality of the (previously free, but now 5p) "basic" carrier bags, and I do not think the cost exceeds what I would otherwise have to pay for bin liners.

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24th Feb 2016 16:51

Stealth Taxes - Processing fees have become

rather fashionable with Chancellors in recent years, and this one is no exception, looking at his SDLT measures in the last 12 months or so.

Deceased persons are unable to throw rotten eggs, and beneficiaries will be told to shut-up, because they got the booty. I rather suspect we shall see more of these sorts of measures.

To be fair though, he has recently announced the new nil rate band for the family home passing to children and GCs, and those living in the south of England will be given a considerable tax saving.

Beneficiaries will have to keep more cash on deposit though, because some of these estates are actually cash poor and land brick and stone heavy.

 

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24th Feb 2016 16:52

It's easier to dispose of bodies using bin liners rather than lots of little carrier bags.

I am sure there are more efficient methods of body disposal other than the use of bin liners and carrier bags, however.

Thanks (1)
24th Feb 2016 17:00

Personally...

cheekychappy wrote:

It's easier to dispose of bodies using bin liners rather than lots of little carrier bags. I am sure there are more efficient methods of body disposal other than the use of bin liners and carrier bags, however.

I am in the Haigh camp of body disposal. As a general rule, anyway.

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